March 10 (Reuters) - Singapore Telecommunications Ltd STEL.SI:
CONTEMPLATED THAT LENDLEASE WOULD SUBSCRIBE FOR A 49% STAKE IN COMPANY INCORPORATED TO HOLD SINGTEL'S COMCENTRE PROPERTY
PROPCO WILL PAY SINGTEL LAND COST OF S$1.6 BILLION ON COMPLETION OF SUBSCRIPTION.
SINGTEL'S GAIN ON DILUTION OF EQUITY INTEREST IN PROPCO IS APPROXIMATELY S$1.2 BILLION
Further company coverage: STEL.SI
((Reuters.Briefs@thomsonreuters.com;))
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